HomeLight

JUNE 9, 2023

Most real estate contracts — or roughly 80% — contain contingencies , according to data from the National Association of Realtors (NAR). As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. What are the most common contingencies?

Home sale contingency 144

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 144

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. iBuyers , or “instant buyers,” are direct real estate buyers who purchase homes at scale. iBuyers , or “instant buyers,” are direct real estate buyers who purchase homes at scale.

Inspection contingency 60

Inspection contingency Proof of funds Inspection Pre-approval 60

HomeLight

APRIL 29, 2021

Your buyer’s loan approval is often the closing step that takes the longest. In most cases, the buyer includes a home inspection contingency in their offer that allows them to walk away from the deal with their earnest money intact if you don’t agree to complete or pay for repairs. Renegotiate offer terms, if needed.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

HomeLight

OCTOBER 8, 2020

So, it has allowed my sellers/buyers to get approved, and then go out and find the home that they’re in love with and be able to write a very strong offer, not contingent on the sale of their house, and win. ” And fortunately, I had just been approved to be a Trade-In agent with HomeLight.

Agents 88

Agents Pre-approval Inspection Staging 88

HomeLight

MARCH 13, 2023

Common types of cash buyers in Orlando “For the longest time, the biggest players were the hedge funds and iBuyers,” says Joseph. While iBuyers offered higher prices than smaller investors, they have taken a step back as the cost of doing business has soared with rising interest rates. They are more willing to invest in the community.

Sales 89

Sales Investor Due diligence Renovation 89

HomeLight

MARCH 16, 2023

Common types of cash buyers in Houston Krueger says iBuyers are purchasing fewer homes in Houston. Consumers are exploring more and more options these days,” he notes as iBuyer activity slows down. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

Sales 72

Sales Purchase and sale agreement Earnest money deposit Investor 72